What’s happening in retail & with brands – trends for week ending 28th September 2012


Some interesting information below:

Company Results

HMV have reported a 14.8% decrease in total Group sales for the 20 weeks to 15 September 2012. Like-for-like sales declined by 11.6% for the same period.
House of Fraser have reported an 1.7% increase in like-for-like sales (excluding VAT) for their first half of 2012. Online sales increased by 60% for the same period. (Source: Retail Week)
The Hut Group have reported an increase in sales to £66.2m from £42.9m for the six months to 30 June 2012. EBITDA increased to £4m from £0.3m for the same period.
John Lewis have reported a 14.2% increase in sales (including VAT) for the week to 22 September 2012. Fashion, Electricals & Home Technology and Home sales increased by 13.9%, 24.4% and 7.1% respectively. Sales at johnlewis.com increased by 39.8%.
Boden have reported a 6% increase in sales to £245.9m for the year to 31 December 2011. (Source: Financial Times)

The Range have reported an increase in sales to £296.7m from £249.4m for the year to 29 January 2012. Pre-tax profit increased to £26m from £20.3m for the same period. (Source: Retail Week)
Scotmid Cooperative have reported a 0.8% increase in sales to £211.1m for the 26 weeks to 28 July 2012. Operating profit decreased by £0.4m to £2.2m for the same period. (Source: Retail Bulletin)
Waitrose have reported an 8.1% increase in sales (including petrol) for the week to 22 September 2012.

Another strong week was reported by the majority of non-fashion stores driven by solid demand for leisure and luxury. The only real negative area was gifting where demand lagged.

Against weak comparisons, fashion witnessed an upturn with the colder weather encouraging purchases of warmer garments. However, a number of stores still did not report gains indicating that underlying conditions remain far from easy.

The negative run across homewares stretching back to early June came to an end with sales marginally ahead. Textiles and accessories were the strongest categories, while furniture also sold more strongly than of late.

Improved levels of demand were experienced by non-store channels driven by strong fashion results.

Clothing, Footwear & Accessories

Bank Fashion have announced plans to launch an exclusive fashion range called ‘TFB by Tulisa’, in partnership with singer and X-Factor judge Tulisa Contostavlos, effective mid-October 2012. (Source: Fashion United)

Coast have announced plans to open their second flagship store in Manchester’s Trafford Centre on 28 September 2012. (Source: Drapers)
Gracia Amico has joined Hobbs as their new eCommerce Director, and will take up the post at the end of this year. (Source: Retail Gazette)
Hotter Shoes have announced plans to open six new stores towards the end of 2012 and are also planning to expand further with 15 new stores in 2013. (Source: Retail Bulletin)

Karen Millen have appointed Becky Bateman and Pilar LaCave as Retail Directors for their UK & Ireland and European businesses respectively. (Source: Drapers)
M&S have announced plans to create 1,000 new jobs in Castle Donington, Leicestershire, to boost their online operations, effective next year. (Source: The Press Association)
My-wardrobe.com have appointed Nicola Copping, to the newly created role of Editor-in-Chief, and Joanna Stephenson as their new Trading Director. (Source: Fashion Monitor)

Electrical & Entertainment

Maplin have appointed Oliver Meakin as their new Commercial Director. (Source: Retail Week)
Phone4U have announced plans to recruit up to 110 staff, with 60 for their head office and call centre as part of their preparations for the Christmas boom. (Source: This is Staffordshire)
WH Smiths have announced plans to offer free Wifi access in 603 of their high street stores across the UK. (Source: Retail Week)

According to a study by Quail Digital, around 44% of consumers who purchase online from DIY and ‘out of town’ retail brands would rather collect their goods themselves from a store than have them delivered to their homes. 47% said that convenience is the main reason for choosing collection while 17% cited cost saving. 13% did not want to be tied to a delivery time.

Food & Drink

Tesco have announced plans to reduce their non-food space by more than 20% and to increase the number of products online. They are also to introduce 1,800 new food products and move fruit and vegetables to a more prominent space in their stores. (Source: The Telegraph)
Waitrose have announced plans to launch their online food video hub ‘Waitrose TV’ to enable viewers watch and purchase products across their food, drink, health and ethical sourcing ranges. (Source: Marketing Magazine)

Household

Argos have announced plans to recruit 12,000 temporary staff in their stores across the UK & Republic of Ireland in preparation for the Christmas trading period. (Source: The Independent)
– It is reported that Achica, the online homewares retailer, have crossed 1 million customers barrier this month. (Source: The Independent)

– It is reported that Debenhams have opened a new department store in the Lippo Mall Kemang in Jakarata, Indonesia. (Source: Retail Bulletin)
Kiddicare have opened their first of 10 new stores in Nottingham, as part of their multichannel retail strategy. (Source: The Telegraph)
Poundland have announced plans to recruit an additional 2,000 seasonal workers and to open 10 temporary stores for the Christmas period. (Source: The Grocer)

Courtesy of ‘The Thinker

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